Lululemon faces 3rd US class action suit
NEW YORK – Lululemon Athletica Inc. is facing yet another class action proceeding in the United States.
Like the others, the most recent filing against the Vancouver-based retailer of high-end activewear alleges disclosure shortcomings related to the controversial recall of the company’s Luon yoga pants.
The suit was filed by Morgan & Morgan in the U.S. District Court for the Southern District of New York on behalf of investors who bought Lululemon stock between March 21 and June 10.
© 2013 The Canadian Press